Nebraska Methodist Hospital Foundation
- Assets
- $149.1m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Omaha, NE
- Founding
- 12/1977
- Data as of
- 12/2022
- EIN
- 47-0595345
Organization Overview
Nebraska Methodist Hospital Foundation is located in Omaha, NE. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Nebraska Methodist Hospital Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Methodist Hospital Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nebraska Methodist Hospital Foundation generated $8.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.8%) each year. All expenses for the organization totaled $14.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nebraska Methodist Hospital Foundation has awarded 34 individual grants totaling $117,615,833. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE CONTRIBUTIONS TO SUPPORT METHODIST HOSPITAL AND METHODIST HEALTH SYSTEM PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEBRASKA METHODIST HOSPITAL FOUNDATION RAISES, PROTECTS AND DISTRIBUTES FUNDS THAT IMPROVE HEALTH CARE FOR THE COMMUNITY. WORKS OF THE HEART ARE PROGRAMS SUPPORTED BY METHODIST HOSPITAL FOUNDATION THAT ARE DIVIDED INTO THREE AREAS: CANCER CARE, CHARITABLE CARE, AND COMMUNITY SERVICE. MORE THAN 48,000 INDIVIDUALS EACH YEAR ARE TOUCHED BY THE DISTRIBUTIONS FROM WORKS OF THE HEART PROGRAMS. THOUSANDS MORE BENEFIT INDIRECTLY THROUGH RESEARCH, COMMUNITY HEALTH AWARENESS AND TRAINING FOR HEALTH CARE PROFESSIONALS.THE FOUNDATION SUPPORTS NEBRASKA METHODIST HOSPITAL'S METHODIST ESTABROOK CANCER CENTER AS IT SEEKS TO PREVENT, DIAGNOSE AND TREAT CANCER IN OUR COMMUNITY. METHODIST ESTABROOK CANCER CENTER IS AT THE CENTER OF THE HOSPITAL'S COORDINATED EFFORT IN HELPING ITS PATIENTS THROUGH THE DELICATE BALANCING ACT OF DEALING WITH PHYSICAL SYMPTOMS AND EMOTIONAL STRESS AND UNCERTAINTY OF THE DISEASE. OTHER AREAS OF CANCER CARE SUPPORT INCLUDE ONCOLOGY RESEARCH, THE LUNG AND THORACIC ONCOLOGY CLINIC AND CANCER CENTER LIBRARY.CHARITABLE CARE PROGRAMS PROVIDED FUNDING FOR APPROXIMATELY 11,300 PATIENTS UNABLE TO AFFORD CARE. THE FOUNDATION WORKS CLOSELY WITH MEDICAL SOCIAL WORKERS AND THE HOSPITAL BUSINESS OFFICE TO PROVIDE FINANCIAL ASSISTANCE TO PATIENTS GENUINELY UNABLE TO AFFORD HEALTH CARE SERVICES. THE FOUNDATION ALSO FUNDS A LIMITED SUPPLY OF PRESCRIPTION MEDICATION UNTIL A LONG-TERM SOLUTION IS DETERMINED.IN 2022, THE FOUNDATION DONATED CAPITAL OF $4,255,580 TO NEBRASKA METHODIST HOSPITAL FOR USE IN EXPANDING AND REMODLING A NEW EMERGENCY DEPARTMENT FACILITY.
THE FOUNDATION ALSO SUPPORTS COMMUNITY SERVICE PROGRAMS INCLUDING THE METHODIST HEALTH MINISTRY, THE METHODIST COMMUNITY CLINIC, THE HEIDI WILKE SANE/SART SURVIVOR PROGRAM, AND METHODIST CENTER FOR DIABETES AND NUTRITIONAL HEALTH ALONG WITH OTHER PROGRAMS TO MEET COMMUNITY HEALTHCARE NEEDS.
THE FOUNDATION PROVIDES EDUCATIONAL ASSISTANCE. IT SUPPORTS NEBRASKA METHODIST COLLEGE - THE JOSIE HARPER CAMPUS AS IT SEEKS TO PROVIDE EXCELLENCE IN HEALTHCARE EDUCATION. IN ADDITION THE NEBRASKA METHODIST COLLEGE ONLINE INSTITUTE RECEIVED FUNDING DURING 2022.OVER 24,000 STUDENTS AND HEALTH CARE PROFESSIONALS RECEIVED ASSISTANCE FOR HEALTHCARE-RELATED EDUCATIONAL TRAINING/CONTINUING EDUCATION.
THE FOUNDATION IS COMMITTED TO BEING A GOOD NEIGHBOR TO THE OMAHA COMMUNITY GOING BEYOND THE WALLS OF NEBRASKA METHODIST HOSPITAL.THE COMMUNITY COUNSELING PROGRAM WAS ESTABLISHED TO ADDRESS THE NEED FOR AN EFFECTIVE YOUTH INTERVENTION PROGRAM. METHODIST HOSPITAL AND METHODIST FOUNDATION HAVE ESTABLISHED A UNIQUE COLLABORATION WITH THE OMAHA PUBLIC SCHOOLS AND SEVERAL AREA CHURCHES WHERE FREE, CONFIDENTIAL COUNSELING IS MADE AVAILABLE. METHODIST HOSPITAL FOUNDATION PROVIDES THE FUNDING FOR THE TEAM OF EXPERIENCED, LICENSED, MASTERS-LEVEL COUNSELORS. SCHOOLS PROVIDE THE SPACE FOR COUNSELORS TO MEET WITH STUDENTS. CHURCHES PROVIDE SPACE FOR COUNSELORS TO MEET WITH STUDENTS' FAMILIES OR OTHER MEMBERS OF THE COMMUNITY IN A COMFORTABLE, NEIGHBORHOOD SETTING. THE COVID-19 PANDEMIC OF 2020 - 2022 DEMONSTRATED EVEN MORE THE NEED FOR THE FOUNDATION'S SERVICES TO PROVIDE COMFORT AND CARE FOR THOSE IMPACTED. WHILE THE FULL BENEFIT TO INDIVIDUALS, FAMILIES AND SCHOOLS SERVED MAY BE IMPOSSIBLE TO MEASURE, THE COST OF SIMILAR SERVICES IN THE OMAHA METROPOLITAN AREA AVERAGES OVER $100 PER HOUR. OVER 8,700 INDIVIDUALS WERE SERVED THROUGH THIS PROGRAM IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Latacha MD Director | Trustee | 1 | $0 |
Lindsay Northam MD Director | Trustee | 1 | $0 |
Joseph Mccaslin MD Director | Trustee | 1 | $0 |
Mark Brasee Director | Trustee | 1 | $0 |
Kristen Hoffman MD Immediate Past Chairperson | OfficerTrustee | 1 | $0 |
Andrew Robertson MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $311,882 |
| Related organizations | $331,895 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,201,646 |
| Noncash contributions included in lines 1a–1f | $986,487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,845,423 |
| Total Program Service Revenue | $0 |
| Investment income | $960,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,497,625 |
| Net Income from Fundraising Events | $66,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,369,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,852,068 |
| Grants and other assistance to domestic individuals. | $800,018 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $611,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,834 |
| Payroll taxes | $47,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $359,132 |
| Fees for services: Other | $361 |
| Advertising and promotion | $21,681 |
| Office expenses | $12,499 |
| Information technology | $32,381 |
| Royalties | $0 |
| Occupancy | $81,153 |
| Travel | $997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,597 |
| Insurance | $4,984 |
| All other expenses | $79,519 |
| Total functional expenses | $14,438,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,415,818 |
| Pledges and grants receivable | $5,989,638 |
| Accounts receivable, net | $337,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $237,108 |
| Investments—publicly traded securities | $133,126,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,016,590 |
| Total assets | $149,123,880 |
| Accounts payable and accrued expenses | $204,808 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,143,880 |
| Total liabilities | $2,348,688 |
| Net assets without donor restrictions | $118,870,123 |
| Net assets with donor restrictions | $27,905,069 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $149,123,880 |
Grants Awarded
Over the last fiscal year, Nebraska Methodist Hospital Foundation has awarded $10,496,580 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEBRASKA METHODIST HOSPITAL PURPOSE: CHARITY CARE, COMMUNITY SERVICE PROGRAMS, CAPITAL PROJECTS | $7,635,893 |
NEBRASKA METHODIST HEALTH SYSTEM PURPOSE: EMPLOYEE ASSISTANCE PROGRAM | $204,432 |
UNITED WAY OF THE MIDLANDS PURPOSE: COMMUNITY NEEDS | $90,000 |
NEBRASKA METHODIST COLLEGE OF NURSING & ALLIED HEALTH PURPOSE: EDUCATION, CAPITAL PROJECTS | $2,566,255 |